Balanced scorecard

A Balanced Scorecard is a strategic performance framework that organizations use to translate their strategic objectives into a set of well-defined and measurable performance metrics. The Balanced Scorecard provides a more comprehensive view of organizational performance by balancing traditional financial indicators with non-financial measures. This approach helps organizations align their actions and resources with their strategic vision, rather than solely focusing on financial results. It encourages a holistic assessment of an organization's performance and facilitates decision-making that is more closely tied to its long-term strategic goals.